What is innovative about it?
Sponsored Launch is a competitive process and through this process we learn what startups are in the community seeking support. Research has proven that a startup connected to an incubator has a better chance of succeeding due to the support received. Connecting startups with the support they need through the UACI incubator, we solve the problem of decreasing the rate of startup business failure and easing the frustration of not knowing the next steps that entrepreneurs often feel. While only one startup can win the given competition at that time. We are very supportive of the other startups that apply and often reach out to them through other UACI touch points.
Who are the main users?
Governmental municipalities, chambers of commerce and businesses sponsors the program. Entrepreneurs benefit by having the cost of the incubation program covered for one-year by the community.
Who runs it?
The UACI assistant director runs the program by identifying collaborators, terms and conditions, promoting the competition, reviewing applications, organizing a judging panel, and announcing the winner. From there, the winning team is integrated into the UACI program and upon entry receives the full resources offered by UACI and the sponsoring organization.